Summary Box: Corn up on hope for Chinese demand

AP News
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Posted: Mar 12, 2012 3:47 PM
Summary Box: Corn up on hope for Chinese demand

STALKING DEMAND: Corn prices rose 2.2 percent as exporters and other suppliers bought more contracts because of speculation that China may buy more of the grain from the United States. The price is up nearly 2 percent on the year as farmers prepare to start spring planting.

CHINA'S TRADE: China reported its biggest monthly trade deficit in at least a decade in February. It's an indication of weaker demand in the world's second-largest economy, which is a huge importer of raw materials.

MIXED DIRECTIONS: Prices for oil, gold, silver and most metals fell. Platinum and wheat rose.


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